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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Steve Lokness who wrote (9794)7/24/2004 6:12:45 PM
From: Tommaso  Read Replies (1) of 116555
 
International Competitiveness

For those sectors of the U.S. construction industry that export goods or services, metrication is vital:

- In 1990, U.S. non-lumber construction product exports totaled about $2.8 billion and imports totaled about $4.2 billion.

- Foreign billings for American architecture/engineering/
contracting firms amounted to $3.2 billion in 1989 with about a third of this from Europe.*

- The European Community, now the world's largest market, has specified that products with nonmetric labels will not be permitted for sale after 1992.

- The largest U.S. trading partners, Canada and Mexico, are now predominately metric countries.

- During the ongoing U.S.-Japanese Structural Impediments Initiative negotiations, the Japanese have identified nonmetric U.S. products as a specific barrier to the importation of U.S. goods.

Given this situation, some American manufacturers, such as Otis Elevator, are switching to metric to increase their international competitiveness and reduce their parts inventories. Others, such as the wood industry, have shipped exports in metric for many years.

Clearly, it is in the American construction industry's long-term interest to "go metric."

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